Wednesday, 17th August 2005 (2596 views)

Goldcorp is actively searching out new opportunities in both North and South America after the recent merger of Goldcorp and Wheaton River Minerals.

Ian Telfer, chief executive of company, has suggested that "sooner is better than later" to acquire properties.

"We'd like something that would give us more than 250,000 ounces a year to the Goldcorp account and we'd like to acquire this with the cash we have on hand," he added.

On Monday, Goldcorps published its second-quarter results that recorded a profit of US $98 million.

In 2004 almost 262 tonnes gold was mined in the US, which constituted 11 per cent of the world's mined gold.


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